Bank of Uganda Governor, Prof. Emmanuel Tumusiime-Mutebile on Monday appeared before Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to respond to queries raised in the special Auditor General’s report on seven controversially closed banks. Below is his full statement. Honourable Members: The Management of the Bank of
Read MoreMonth: July 2025
Uganda Police Force (UPF) earned Shs2.5bn from firearms licensing and fire arms rental fees in the 2017/2018 financial year. The Non Tax Revenue collections are contained in the quarterly budget performance report that Police was meant to present before the Committee of Defence and Internal Affairs of Parliament today. The
Read More500 Ugandan villages across the country have been connected to the digital satellite television. This is in a bid to widen the digital migration coverage and also increase access to information and knowledge for the rural poor. The Shs10m (Shs37.5bn) project dubbed Access to Satellite TV for 10,000 African Villages,
Read MoreBy Mirror: Jose Mourinho will reportedly be sacked by Manchester United if he fails to guide the club into the top four, it is claimed. The Portuguese watched his side slump to a derby defeat against Manchester City on Sunday to leave United 12 points behind the league leaders. United are also
Read MoreDebt-Distressed African Countries Again Look To International Monetary Fund
By Akani Chauke By the International Monetary Fund (IMF’s) own admission, there are circumstances where African governments’ debt levels are so high they become unsustainable, such that the scheduled debt service exceeds the capacity of the member to service it. This rings true for a number of countries in the
Read MoreA section of Ugandans have lashed out at Democratic Party President General, Nobert Mao, after he threatened to treat, Deo Njoki as a deserter if he pushes ahead with plans to back out of the LCV Busia Local Government election for a job at Uganda Human Rights Commission. This
Read MoreA groundbreaking international report released Monday shows the use of modern methods of contraception has increased dramatically in Uganda, as the country pursues ambitious family planning goals for 2020. The report also shows modern contraception prevented over 1 million unintended pregnancies and 228,000 unsafe abortions between July 2017 and July
Read MoreBy Aloysious Kasoma National Medical Stores (NMS) officials have revealed that the ongoing construction of a giant warehouse in Kajjansi along Entebbe road will be complete by June 2019. During a guided tour of the facility under construction on Monday by some stakeholders, it was reported that the new facility
Read MoreBank of Uganda (BoU) has admitted that Teffe Bank was closed without the list of inventory. Inventory simply means a list of goods and materials/properties that a business holds for the ultimate goal of resale or repair. BoU officials made the revelation on Monday while interfacing with MPs on the
Read MoreDfcu Women In Business Programme: Minimizing Barriers, Maximizing Inclusion
Today dfcu bank joins the rest of the world to celebrate the Global Entrepreneurship week, a worldwide movement to shine a spotlight on the importance of entrepreneurship to our economy. In 2007, dfcu Bank established the Women in Business program (dfcu WiB) with specific focus on supporting women entrepreneurs and
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